Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeNewsEconomyCanada to unveil U.S. tariff response including loans, benefitsCabinet ministers will hold a press conference to outline measures at 11 a.m. Ottawa timeAuthor of the article:Prime Minister Mark Carney talks during a press conference at the Davie Shipyard in Levis on August 24, 2026. Photo by Francis Vachon for PostmediaCanada’s government on Tuesday will announce a range of measures to “protect and support” its workers and businesses in response to 50 per cent U.S. tariffs which were applied to about US$20 billion of its annual exports on Saturday.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorFinance Minister Francois-Philippe Champagne, Industry Minister Melanie Joly, Jobs Minister Patty Hajdu and Evan Solomon, the minister for artificial intelligence, will hold a press conference to outline measures at 11 a.m. Ottawa time, the Finance Department said Monday.Domestic measures will include expanded jobless benefits, people familiar with the planning said, asking not to be named because they aren’t authorized to speak publicly. Officials will also roll out loans for businesses affected by the tariffs, one of the people said — akin to coronavirus-era economic support programs. The government is calling it the “One Canadian Economy Agenda,” that person added.SUBSCRIBER EXCLUSIVE: FP West: Energy Insider brings you behind the oilpatch’s closed doors with exclusive insights from insiders every Wednesday morning.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of FP West: Energy Insider will soon be in your inbox.We encountered an issue signing you up. Please try againOn Saturday, Prime Minister Mark Carney said Canada would retaliate with “dollar-for-dollar” counter-tariffs in areas including steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics. That pledge has already prompted a threat from President Donald Trump to escalate by increasing automobile tariffs against Canadian vehicles and parts.Carney had a slightly more nuanced message at a press conference on Monday.“The American economy is much, much bigger, at least for the time being, than the Canadian economy,” he said in French, according to a live translator. “Because of this, it will be difficult to have dollar-for-dollar — always difficult to carry out dollar-for-dollar retaliation, so we might go the more targeted way,” before adding “everything is on the table.”Carney’s office didn’t immediately respond to a request for comment.With assistance from Brian Platt and Vipal Monga Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.